LAST-IN FIRST-OUT


Meaning of LAST-IN FIRST-OUT in English

Function: adjective

Date: 1934

: of, relating to, or being a method of inventory accounting that values stock on hand according to costs at the time of acquisition and not according to the cost of replacement

Merriam Webster Collegiate English Dictionary.      Merriam Webster - Энциклопедический словарь английского языка.